| Mobile Web

Search results for JPYC

Crypto

Japan FSA moves to allow large yen stablecoin transactions by simplifying trading procedures

Japan\'s Financial Services Agency is pursuing a制度 overhaul to simplify trading procedures for yen stablecoins and allow individuals to transact more than 1 million yen. The agency plans to include the proposal in a request for tax revisions. The focus is to reduce tax administrative procedures in the distribution of trust-type stablecoins, which currently require filing owner information each time holdings change. The issue has hindered high-value payments such as cars and real estate.

Finance

Danal posts 115.4 billion won first-half revenue, eyes global payments and stablecoin expansion

Danal said in a filing on Thursday it posted first-half revenue of 115.4 billion won and operating profit of 3.0 billion won on a consolidated basis. On a separate basis, it reported revenue of 92.8 billion won and operating profit of 6.9 billion won. The company expanded its payments business, increased transactions in retail, culture and leisure, and continued investment in new businesses including stablecoins and a foreigner payment platform.

Crypto

Japan stablecoin issuer JPYC raises total 6 billion yen in Series B extension round

Japanese stablecoin issuer JPYC has raised total investment of 6 billion yen ($38 million) in a Series B extension round. The company plans to use the funds to expand its finance and Web3 ecosystem and increase adoption of its yen-pegged stablecoin, JPYC. Logistics company AZ-COM Maruwa invested 1 billion yen in the round. AZ-COM Maruwa plans to pay fees and wages in JPYC to about 2,300 partners and sole proprietors.